The Group Trustee of the Uniper Group of the Electricity Supply Pension Scheme (the “Group”) believes that Climate Change is a systemic risk and seeks to manage that risk on behalf of its members and the sponsoring employer. The Group Trustee’s focus on Climate Change risk mitigation plays an important role in how investments are managed across all asset classes.

At a policy level, the Group Trustee is supportive of initiatives that contribute towards mitigating Climate Change risk on its investments. As such, the Group Trustee supports the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD).

The TCFD developed four recommendations on climate-related financial disclosures structured around the following thematic areas:

The Group Trustee is supportive of initiatives it believes will be in the long-term financial interest of members. TCFD is one such initiative, as the Group Trustee believes greater disclosure will lead to better investment decisions. Indeed, where appropriate, the Group Trustee will also engage with its appointed fiduciary manager and/or fund managers to support such initiatives.

You can read more about each of the 4 areas above in the TCFD Report 2024 below.